Indian economy remains a key driver of global growth on the back of sound macroeconomic fundamentals and prudent policies, the Reserve Bank said on Monday. Photograph: Amit Dave/Reuters In its bi-annual Financial Stability Report (FSR), the central bank also said
The central government’s fiscal deficit fell to 0.8 per cent of the full-year target at the end of May, mainly due to a whopping Rs 2.69 lakh crore dividend received from the Reserve Bank of India. Illustration: Dominic Xavier/Rediff The
India’s industrial production growth slowed to a nine-month low of 1.2 per cent in May 2025 due to poor performance of manufacturing, mining and power sectors caused by the early onset of monsoon, according to official data released on mMonday.
The Indian pharmaceutical industry is likely to benefit from a major wave of patent expiries in the US, as small-molecule drugs worth $63.7 billion are expected to go off-patent between 2025–29, a 65 per cent rise over the previous five
Skoda India sees growth in automatics and network expansion as key drivers to reach 3 per cent market share, with EV plans and a new SUV also in the works. All photographs: Kind courtesy Skoda/Facebook As Skoda Auto India eyes
Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed executive director on flagship Reliance Industries, will be paid Rs 10-20 crore salary annually plus a host of perks including a commission
‘There’s been interest from multiple states, and exploratory conversations are ongoing.’ Photograph: Kind courtesy Namma Yatri/Instagram Zero-commission mobility platform Namma Yatri is planning to expand its services to new geographies by collaborating with the government and communities. Shan M S,
As fintech major Pine Labs gears up for its initial public offering (IPO), its Draft Red Herring Prospectus has highlighted its top executives’ pay and stock options, including those of chief executive officer (CEO) Amrish Rau. Photograph: Courtesy, Pine Labs
‘The original provision will be restored. AMT is meant only for those claiming deductions, not for firms earning regular income like capital gains,’ a senior government official said. Illustration: Dominic Xavier/Rediff The government is likely to fix a key omission
Adani Group chairman Gautam Adani and his family members on Saturday attended the Rath Yatra in Puri and offered prayers. IMAGE: Gautam Adani with wife Priti and son Karan seek blessings during the annual Rath Yatra of Lord Jagannath and
